Is 90002, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 90002 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 90002 has remained a Seller's Market.

Key Takeaway

90002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 90002, CA

How much do homes in 90002, CA cost?

Median Sold Price

$600,000

$496/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$46,250(+8.4%)

Key Takeaway

Homes in 90002 have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in 90002 was $600,000 in November 2024, up 8.4% from last year, and the median price per square foot was $496.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $285K-
N/A
2 $500K$544.9K
+9.0%
3 $580K$610K
+5.2%
4 $590K$650K
+10.2%
5+ $934K$740K
-20.8%

Summary: 90002 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 20.8%.

Median Sold Price Compared To Nearby Zip Codes

90002
+8.4%
90059
+5.7%

Housing Supply in 90002, CA

How many homes are available in 90002, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4346+7.0%

Summary: The 90002 real estate market had 46 homes for sale in November 2024, a 7.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1315
+15.4%
3 1716
-5.9%
4 67
+16.7%
5+ 78
+14.3%

Summary: The 90002 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer38%38%25%

Key Takeaway

If you're buying a home in 90002, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 90002 in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.

Days on Market for 90002, CA

How long does it take to sell a home in 90002, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
93 Days67 Days-28.1%

Summary: Homes in 90002 had an average of 67 days on market in Nov 2024, down by 28.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times63%25%13%

Key Takeaway

Many homes in 90002 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in 90002; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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